Financial News
HyreCar stock rises more than 6% as Q1 sales riseExternal Link

Shares of HyreCar Inc. rallied more than 6% late Thursday after the peer-to-peer car-sharing platform reported a wider quarterly loss but sales came in slightly above expectations. HyreCar said it lost $7.2 million, or 37 cents a share, in the quarter, compared with $4.1 million, or 25 cents a share, in the year-ago period. Sales rose 29% to $7.45 million, "showing the resilience of our platform and the growing demand for our services as the country opens up," Chief Executive Joe Furnari said in a statement. Analysts polled by FactSet expected HyreCar to report a GAAP loss of 13 cents a share on sales of $7.2 million. The stock ended the regular trading day down 6.7%.

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Thu, 13 May 2021 20:59:53 GMT
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: Poly stock drops on outlook, company formerly called Plantronics to change tickerExternal Link

Shares of the company formerly known as Plantronics Inc. PLT, now known as Poly, dropped in the extended session Thursday after the business audio and video products maker’s outlook fell short of Wall Street estimates. Shares dropped 14% after hours, following a 1.8% decline in the regular session to close at $36.99. The company forecast adjusted first-quarter earnings of 35 cents to 55 cents a share on revenue of $410 million to $450 million. Analysts surveyed by FactSet had estimated earnings of 82 cents a share on revenue of $441.3 million. “The global semiconductor chip shortage has impacted companies worldwide and we expect we will continue to experience ongoing tightness in our supply chain,” the company said in a statement. “End market demand remains strong for video and headsets, while voice demand is recovering.” The company reported fiscal fourth-quarter net income of $11 million, or 25 cents a share, versus a loss of $667.9 million, or $16.94 a share, in the year-ago period, when it reported a large goodwill impairment. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.23 a share, compared with 30 cents a share in the year-ago period. Revenue rose to $476.2 million from $403 million in the year-ago quarter. Analysts had forecast earnings of 93 cents a share on revenue of $455.7 million. The company also said its ticker symbol on the New York Stock Exchange will become “POLY,” replacing PLT, at the open of trading on May 24. The company officially changed its name to Poly earlier in the year.

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Thu, 13 May 2021 20:55:00 GMT
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GoodRx stock heads lower after mixed Q1 resultsExternal Link

Shares of GoodRX Holdings Inc. fell more than 5% in the extended session Thursday after the health-care company reported first-quarter sales slightly below Wall Street expectations and met the forecast for adjusted profit. GoodRx said it earned $1.7 million, breaking even on a per-share basis, in the quarter, compared with $27.3 million, or 8 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 7 cents a share. Sales rose 20% to $160.4 million, the company said. Analysts polled by FactSet expected GoodRX to earn an adjusted 7 cents a share on sales of $160.6 million. Monthly active consumers rose 17% to 5.7 million people, it said. GoodRX guided for second-quarter revenue between $172 million and $176 million, and full-year 2021 revenue between $740 million and $760 million. The stock ended the regular trading day down 4%.

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Thu, 13 May 2021 20:49:51 GMT
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: Bionano Genomics stock jumps as revenue beats StreetExternal Link

Bionano Genomics Inc. BNGO shares rallied in the extended session Thursday after the genome analysis company’s quarterly revenue came in better than Wall Street expected. Bionano shares surged 10% after hours, following a 7% decline in the regular session to close at $4.41. The company reported a first-quarter loss of $9.9 million, compared with $10.5 million in the year-ago period. Revenue rose to $3.2 million from $1.1 million in the year-ago quarter. Analysts surveyed by FactSet had forecast revenue of $3 million. “2021 is off to a solid start for Bionano,” said Erik Holmlin, Bionano chief executive, in a statement. “In the first quarter, we sold a record number of flow cells, analyzed a record number of samples in our service lab, drove broad adoption of Saphyr instruments and ramped up the installation of Saphyr systems that weren’t yet operational because of 2020’s travel restrictions.” Bionano’s Saphyr system aids researchers in the development of gene-based drugs.

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Thu, 13 May 2021 20:24:00 GMT
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Oscar Health stock gains after first results as public companyExternal Link

Oscar Health Inc. stock rose nearly 3% late Thursday after the digital health-insurance company reported its first results as a public company, missing Wall Street expectations but showing more subscribers than expected. Oscar said it lost $87.4 million, or 98 cents a share, in the first quarter, compared with a loss of $96.9 million, or $3.36 a share, in the year-ago quarter. Revenue rose to $369 million, from $88.4 million a year ago, the company said. Analysts polled by FactSet had expected Oscar to report a GAAP loss of 53 cents a share on sales of $598 million. Its membership grew 29%, it said. "We achieved very attractive first-quarter growth, while simultaneously lowering our medical loss ratio and administrative cost ratio year-over-year," Chief Executive Mario Schlosser said in a statement. Shares of Oscar ended the regular trading day down 7.4%. Oscar went public in March.

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Thu, 13 May 2021 20:21:32 GMT
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